Active Growth Capital Announces TSXV Acceptance of Warrants Extension and Re-Pricing and Corporate Update

Active Growth Capital Inc. (TSX VENTURE:ACK) ("ACK" or the "Corporation") is
pleased to announces that, further to its news release of September 10, 2013, it
has received acceptance for filing by the TSX Venture Exchange ("TSXV") to
extend the expiry and to reduce the exercise price of a total of 1,800,000
outstanding non-transferable share purchase warrants (the "Warrants") which were
issued on December 13, 2012 in connection with a private placement. The original
exercise price was $0.50 per share and the amended exercise price is $0.15 per
share. The original expiry was at 4:00 PM (Montreal time) on December 13, 2013
and the amended expiry is at 4:00 PM on December 13, 2015.


Pursuant to the policies of the TSX Venture Exchange, acceleration provisions of
the Warrants were added to provide that the exercise period of the Warrants will
be reduced to 30 days if, for any 10 consecutive trading days (the "Premium
Trading Days") during the unexpired term of the Warrants, the closing price of
the Corporation's common shares on the TSXV is $0.20 or greater. The 30 day
period will begin 7 calendar days after the tenth Premium Trading Day. The
Corporation will give holders of outstanding warrants prompt written notice of
the commencement of the accelerated exercise period.


The foregoing amendments to the Warrants are effective as of 4:00 PM (Montreal
time) on December 5, 2013.


Corporate Update

Since the beginning of ACK's re-organization, the Corporation has cut all costs
of operations to a minimum, consolidated its share capital, made change to the
Board of Directors and has been constantly seeking quality exploration projects
with the ultimate goal of increasing shareholders value.


"We have had discussions and reviewed several projects in the last months but
the goal is to find a project, or multiple projects, which will allow ACK to
distinguish itself in this challenging period for the mining exploration
industry. We believe in taking all the time necessary in order to achieve this
and are making the sacrifices to have the benefit of this time," commented Marc
Labrecque, President and CEO.


About Active Growth Capital

Active Growth is a TSX listed junior mineral exploration issuer whose long-term
objective is to build a diversified company focused on the acquisition,
exploration and development of mineral properties. Additional information about
the Corporation is available on SEDAR at www.sedar.com.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Active Growth Capital Inc.
Marc Labrecque
President and CEO
(819) 825-0001

Active Growth Capital Inc. (TSXV:ACK)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024